America is being Cluster F*cked daily, folks. It’s time for a lot more than tea bags. It’s time some hide is figuratively skinned. It’s time for prison and it’s time for seizure of personal assets.
WASHINGTON, March 19 (Reuters) – Some top recipients of U.S. bailout money owe the federal government more than $220 million in unpaid taxes, a U.S. lawmaker said on Thursday.
Representative John Lewis, a Democrat from Georgia who heads the U.S. House of Representatives Ways and Means oversight subcommittee, said 13 bailed-out companies owe the federal government taxes. Two of them owe more than $100 million each.
Lewis said the firms, which he did not name, signed statements at the time of receiving federal aid stating that they owed no federal taxes.
“It is a disgrace. The American people are fed up… and they’re not going to take it anymore,” Lewis told a hearing to examine the oversight of the Troubled Asset Relief Program, or TARP.
It’s not a disgrace. It’s a Cluster F*ck and we all know it. And it has to stop. We expect it to stop. It will stop. This bailout party must come to an end. People must go to jail. Money must be recouped. Not later. Now.
Somebody has been walking away with Trillions of dollars we don’t even have. Some small group of serious thieves has raped the wallets of a minimum of two future generations using dying, pillaged corporations as money launderers for each other. AIG gets billions and the first check they write is to Goldman Sachs of Bernanke and Geithner Board of Directors fame. Why is that?
Nobody wants to work for Geithner it seems. They drop out like flies. Why is that? Geithner hired CitiGroup’s Economoic Advisor. Why is that? Who would hire the loser-economic adviser of a losing company? And why is it that these companies that owe millions of back taxes haven’t been hounded by the IRS, Mr. Geithner? And since the IRS is under your charge, why is it you didn’t know that their disclosures regarding taxes were a lie? If one of us owed ten cents to your IRS, we would be hounded. Of course, not paying taxes after receiving repeated warnings is no new thing to you, Mr. Geithner, is it? What job is that that you are “Just the right guy for” again?
Somebody in the US Treasury is enabling this. The money is flowing to these places like a river, in one door, out the other. Somebody must answer for this. Bernie Madoff is beginning to look like a petty candy store thief next to what is happening here.
There are plenty of questions and it’s time somebody asked them. Rep. Lewis has started that ball rolling, bless his heart.
Lewis’ subcommittee looked at the top 23 TARP recipients and found that more than half owe unpaid federal income taxes. One unidentified company owed $112.75 million in unpaid taxes from 2006 and 2005,according to the subcommittee’s research. Another company that received government funds owed $101.8 million dating back to before 2004.
We appreciate your revealing information Rep. Lewis. We really do bless you for it. But the public has a right to know the names of these companies and the pigs who are raping us. This is the money of the children, grandchildren and great-grandchildren of Americans!
If these companies lied on their tax disclosures in order to receive TARP money, this means somebody committed fraud, a federal offense. There must be indictments and people must go to jail. But not before we squeeze every dime of our money out of their thieving hides in the most painful of ways, up to and including all of their personal assets.
Enough is enough. And then some. America is leaving its slumber period now. Hubris will do that to people. Thank God. Thus, we begin the pitchfork and torch phase we have seen over AIG. This has just begun. America is being torn down from within. It’s time to lock the Treasury TARP money down. No more bailouts. The heads must start to roll for all the public to see these shameless faces go down in shame.
Rep. Lewis: You GO guy!
Hey Barney! You gonna join in or what? Because somebody needs to check out those nice fat Fannie Mae and Freddie Mac bonuses that are being handed out as we speak to the Big Shots from that loser corporation too. We’ll make that YOUR assignment, because while the country is in an uproar over AIG bonuses, the rest of the Band Plays On under the radar.
And Chuck: Yeah. We DO care. America is just waking up and stretching. Soon, the coffee will be perked and suddenly, everybody is going to be moving around, wondering how it is that our House and Senate let this all happen. That means you too, Chuck.
Folks, an index of these thieving companies that took our money can be found here.
Here are the top 23 recipients as of the date of that index (late January, 2009). Unless this list has changed drastically in totals recently, half of these companies, according to Rep Lewis, are delinquent in more than $220 million in IRS taxes.
Numbers are in millions:
10/28/2008 Citigroup Inc*** New York $25,000 Completed 10/28/2008 J.P. Morgan Chase & Co New York $25,000 Completed
10/28/2008 Wells Fargo & Co California $25,000 Completed
10/28/2008 Bank of America Corp North Carolina $15,000 Completed
1/9/2009 Bank of America Corporation** North Carolina $10,000 Completed
10/28/2008 Goldman Sachs Group Inc New York $10,000 Completed
10/28/2008 Morgan Stanley New York $10,000 Completed
12/12/2008 The PNC Financial Services Group Inc Pennsylvania $7,579 Completed
11/14/2008 U.S. Bancorp Minnesota $6,599 Completed
11/14/2008 Capital One Virginia $3,555 Completed
11/14/2008 Regions Financial Corp Alabama $3,500 Completed
11/14/2008 SunTrust Banks Inc Georgia $3,500 Completed
12/12/2008 Fifth Third Bancorp Ohio $3,408 Completed
1/9/2009 American Express Company New York NY $3,389 Completed
11/14/2008 BB&T North Carolina $3,134 Completed
10/28/2008 Bank of New York Mellon Corp New York $3,000 Completed
11/14/2008 KeyCorp Ohio $2,500 Completed
12/12/2008 CIT Group Inc. New York $2,330 Completed
11/14/2008 Comerica Texas $2,250 Completed
10/28/2008 State Street Corp Massachusetts $2,000 Completed
11/14/2008 Marshall & Ilsley Corp Wisconsin $1,715 Completed
11/14/2008 Northern Trust Illinois $1,576 Completed
11/14/2008 Zions Bancorporation Utah $1,400
Filed under: Another reason America is falling apart, Bailout Party, Bamboozled, Hoodwinked, Tim "Turbo Tax" Geithner, Wall Street, Where have our Trillions gone??? | Tagged: American Express, back taxes, Bailout, Bank Of America, banks, Capital One, John Lewis | 45 Comments »